Guideline Value for Duraisingam Street/ Samundeswari Nagar

Duraisingam Street/ Samundeswari Nagar guideline value

The current guideline value for Duraisingam Street/ Samundeswari Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Duraisingam Street/ Samundeswari Nagar has changed

The guideline value for Duraisingam Street/ Samundeswari Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 163 per sq.ft. This figure increased to Rs 214 per sq.ft in 2003, marking a change of 31%. The value continued to rise, reaching Rs 360 per sq.ft in 2007, which was an increase of 68%. By 2017, the guideline value had significantly jumped to Rs 1,206 per sq.ft, reflecting a substantial change of 235%. The 2023 revision set the value at Rs 1,800 per sq.ft, a 49% increase from 2017.

The most recent revision in 2024 has further increased the guideline value to Rs 1,980 per sq.ft, which is a 10% rise from the previous year. It is important to note that the register has no figure for this street in 2012.

Guideline values in Pammal

Pammal village has 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft in 2024. The median guideline value in Pammal is Rs 2,090 per sq.ft, placing Duraisingam Street/ Samundeswari Nagar's 2024 figure below this median.

• Durai Street (A.K.) /Muthamazhi Nagar: Rs 2,475 per sq.ft (2024)
• Duraiswamy Street: Rs 1,760 per sq.ft (2024)
• Durai Velu Street /Muthamazhi Nagar: Rs 2,475 per sq.ft (2024)
• Durairaj Street /Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Dulasingam Street / Samundeswari Nagar: Rs 1,980 per sq.ft (2024)
• Dr. Zaheer Hussian Street / Muthamzhai Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Duraisingam Street/ Samundeswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total cost for these fees Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Duraisingam Street/ Samundeswari Nagar?

The Sub Registrar Office covering Duraisingam Street/ Samundeswari Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Pammal

The guideline value is a crucial factor during the registration of property transactions in Pammal. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps in determining the official value of the property, which is essential for legal and financial purposes. This value is used to assess the charges applicable during the registration process.

Frequently asked questions

What is the current guideline value for Duraisingam Street/ Samundeswari Nagar?

The current guideline value for Duraisingam Street/ Samundeswari Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant increases, from Rs 163 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024. Notable changes include a 235% increase from 2007 to 2017 and a 10% increase from 2023 to 2024.

What is the land classification for Duraisingam Street/ Samundeswari Nagar?

Duraisingam Street/ Samundeswari Nagar is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Duraisingam Street/ Samundeswari Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How are stamp duty and registration fees calculated in Pammal?

Stamp duty and registration fees in Pammal are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600.